Filing Flows › Caleres (CAL) › Q2 FY27 › vs Q2 FY26
Caleres (CAL) Q2 FY27 vs Q2 FY26 (year over year)
Caleres's revenue rose $36.9M (+6%) from $659M in Q2 FY26 to $695M in Q2 FY27. The biggest changes: Wholesale - e-commerce +$19.5M (+43%); Total direct-to-consumer sales +$7.8M (+2%); E-commerce - Company websites +$6.0M (+5%). Gross margin 54.8% against 43.4% (+11.4 pts).
Caleres, Q2 FY27: revenue $695M (+6% year over year), operating margin 11.2%, net earnings $58.6M, operating cash flow $83.6M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 54.8% | 43.4% | +11.4 pts |
| Operating margin | 11.2% | 1.4% | +9.7 pts |
| Net margin | 8.4% | 1.0% | +7.4 pts |
| Free cash flow margin | 10.9% | 5.3% | +5.6 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Retail stores | $354M | $364M | −$10.5M | -3% |
| Wholesale - landed | $117M | $103M | $13.6M | +13% |
| E-commerce - wholesale drop-ship | $27.9M | $23.2M | $4.7M | +20% |
| Total direct-to-consumer sales | $498M | $491M | $7.8M | +2% |
| E-commerce - Company websites | $115M | $109M | $6.0M | +5% |
| Wholesale - e-commerce | $64.4M | $44.9M | $19.5M | +43% |
| Wholesale - first cost | $14.6M | $11.7M | $2.9M | +25% |
| Licensing and royalty | $1.7M | $1.7M | −$68K | -4% |
| Other | $1.0M | $150K | $896K | +597% |
| Revenue | $695M | $659M | $36.9M | +6% |
| Gross profit | $381M | $286M | $95.2M | +33% |
| Cost of revenue | $314M | $373M | −$58.2M | -16% |
| Operating profit | $77.6M | $9.3M | $68.3M | +735% |
| Operating expenses | $303M | $277M | $26.9M | +10% |
| Pre-tax earnings | $77.7M | $5.8M | $71.9M | 13× |
| Net earnings | $58.6M | $6.7M | $51.9M | +774% |
| Minority interests | $779K | $348K | $431K | +124% |
| Income tax | $18.3M | −$1.3M | $19.6M | — |
| Depreciation & amortization | $14.4M | $14.2M | $271K | +2% |
| Share-based compensation | $3.6M | $4.1M | −$483K | -12% |
| Working capital & other | $6.9M | $22.3M | −$15.5M | -69% |
| Operating cash flow | $83.6M | $47.3M | $36.3M | +77% |
| Free cash flow (OCF − capex) | $75.6M | $35.0M | $40.7M | +116% |
| Capital expenditures | $7.9M | $12.3M | −$4.4M | -36% |
Questions
How much did Caleres's revenue grow year over year in Q2 FY27?
Caleres's revenue rose $36.9M (+6%) from $659M in Q2 FY26 to $695M in Q2 FY27.
What drove Caleres's revenue change in Q2 FY27?
Wholesale - e-commerce +$19.5M (+43%); Total direct-to-consumer sales +$7.8M (+2%); E-commerce - Company websites +$6.0M (+5%).